Prices are currently balanced in choppy trade beneath congestion resistance at 11.0000

Mike Macdonald

Senior Technical Strategist

Chart EUR/NOK Update: Balanced - studies improving

Choppy trade beneath congestion resistance at 11.0000 failed to sustain tests above here

Chart EUR/NOK Update: Cautious in range

The anticipated drift lower has reached strong multi-week support within the 10.8525 Fibonacci retracement and the 10.8765 monthly low of 24 July

Chart EUR/NOK Update: Lower in range - studies coming under pressure

The anticipated break lower has tested below the 10.8525 Fibonacci retracement, with prices reaching 10.8165 before bouncing to currently trade around 10.8900

August 26, 2026

Chart EUR/NOK Update: Limited tests higher - background under pressure

August 19, 2026

Chart EUR/NOK Update: Lower in range - studies coming under pressure

August 12, 2026

Chart EUR/NOK Update: Cautious in range

August 05, 2026

Chart EUR/NOK Update: Balanced - studies improving